What is Bitcore (BTX) and Why is it Worth Watching? (from stocksgazette)
The first cryptocurrency Bitcoin (BTC), was created to provide anonymous transactions and solve eliminate third party charges. Subsequently, cryptocurrencies were created to solve diverse observed problems. Meet Bitcore (BTX), a cryptocurrency created as a solution to Bitcoin.
How Bitcore Is Reacting To Crypto Panic
Major digital assets are in crisis at the moment due to multiple negative news. Bitcore coin had been performing rather well in the market. In terms of stability, the altcoin first resisted kept its momentum and avoided broader selloff, maintaining a trading value of over $20 since December 2017. But today as at the time of this writing BTX is down by over 30% to $16.77.
Bitcore (BTX) has a maximum supply of 21 million BTX of which 16.8 million are in supply. A market capitalization of $187 million (USD) gives it the 39th position in the cryptocurrency chart at coinmarketcap. Bitcore hosts a 24-hour trading supply of $1.45 million (USD).
Features of Bitcore (BTX)
Bitcore was born at the height of the Bitcoin transaction scaling debate back in April 2017. The coin brought some improved and better suited features to the issue of transaction scaling in blockchains. Some of those features include;
Bitcore has integrated SegWit and Bloom into its running protocols.
Bigger block size (10 MB + 10 MB SegWit)
Fast average block time of 2.5 minutes.
Bitcore uses InstantX for lightening quick transactions.
Free and fair distribution of coin rewards.
Bitcore was created and launched without an ICO.
How to Acquire Bitcore (BTX)
Bitcore is generous when it comes to acquiring the digital asset. There are four distinct ways of acquiring BTX.
Claiming: Users of Bitcore who also hold Bitcoin get a chance to be rewarded with free BTX.
Exchange:
Lucky Stake: Bitcore recently introduced another method of acquiring the BTX. Holders of 50,000 BTX have a chance to win 1,000 BTX, those who hold up to 100,000 BTX and 300,000 BTX have chances of winning 3,000 BTX and 12,000 BTX respectively.
Masternode: To activate this you need to hold at least 250,000 BTX. When a Masternode is created, the user gets up to 66.7% of the entire network stake.
Mining: Bitcore like most other altcoins is decentralized and getting BTX via mining is fairly easy. You choose a mining pool, set-up your GPU mining software and start mining BTX.
Link to Article:
https://stocksgazette.com/2018/02/06/what-is-bitcore-btx-and-why-is-it-worth-watching/
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